Archive

We have all heard the saying that “the trend is your friend until it ends”. But what happens when the currency pair has no defined trend? What happens when the currency is range-bound or in consolidation? Is the asset still tradable? Many traders would simply walk out of the market, waiting until the next trend […]

Today we will discuss some more chart patterns that occur periodically. These two patterns actually occur more regularly than I once thought, so I have decided to include them in here. These two patterns are flags and pennants. The reason why we are discussing flags and pennants together is because they are very similar. the […]

If you are to succeed in this journey we call Forex trading, you cannot run away from the concept of support and resistance. You need to know when bullish runs will take a breather, and you also need to know when traders will tire of selling. Some of you have at one time or the other, […]

I have always asked many traders this question: why chase a market trend that is already far gone and in danger of reversing, when you can simply exercise some patience and catch the reversal using a strategy that has worked wonders so many times in the past? Almost all the time, I am met with […]

In this series on candlestick formations, we will take time to break down several important candlestick formations that constitute market defining moments in the market, and also discuss how they can be combined with other technical indicators to produce signals with a high degree of accuracy. We start this series with a discussion on Haramis. […]

In today’s article, we will look at another set of patterns that can be derived from the charts and could be used by the trader to make money from the forex market. This pattern is the wedge pattern. The wedge pattern should not be confused with any other triangle pattern. In a wedge pattern, both […]

One of the most common areas of confusion for forex traders is trying to determine which direction the trend will take. We have all heard the saying: “the trend is your friend till it ends”. This holds true in forex, as the institutional traders who control the majority of volume in the forex market will […]

In this blog post, we will examine the triangle patterns and how traders can benefit from this chart pattern. There are three types of triangle patterns: a) Ascending triangles b) Symmetrical triangles c) Descending triangles Whatever the type of triangle pattern seen on the charts, they all share certain characteristics which are outlined below. – […]

In my last article I wrote about the different ways to use a moving average, click here to read more about it. This is part 2 of that series, focusing on another non-traditional use for the MA. Use Number 3 – Using Moving Averages as Support and Resistance Levels A popular use of Moving Averages […]

Everyone interested in trading has probably used or at least tried a Moving Average at some point in their trading career. But most only apply the Moving Average (MA) in the conventional sense, as a trend trading tool. However the MA can be used in other ways too and we’ll look at the different ways […]